EUR/GBP — News Archive

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Euro Loses Ground Against US Dollar as ECB Maintains Interest Rates Unchanged

The euro lost ground against the US dollar on Thursday after the European Central Bank decided to keep interest rates unchanged after concluding its June’s monetary policy meeting. The shared currency remained stable against the British pound as the market awaited the outcome of a vote that decides Members of Parliament in the United Kingdom.

Pound Logs Gains Ahead of Thursday’s Election

The Great Britain pound rose today even as markets remained cautious ahead of tomorrow’s general election, which may have a tremendous impact on the currency, and not necessarily a positive one.

Sterling Defies Fundamentals, Rising During Monday’s Session

Fundamentals were largely unfavorable to the Great Britain pound: uncertainty about the outcome of the upcoming general election, the slowdown of the services sector’s growth, and the terrorist attack on London. Yet all that did not prevent the currency from rising on Monday.

GBP/USD Rebounds After NFP, Pound Stays Weak Otherwise

The Great Britain pound rebounded versus the US dollar following the release of underwhelming nonfarm payrolls. The sterling had no such luck against other peers, and in fact it dropped even further amid political uncertainty.

Pound Drops, Ignoring Positive Construction Data

The Great Britain pound dropped today even though macroeconomic data released in the United Kingdom over the current sessions was good.

GBP/USD Tumbles Lower Then Rallies Higher After Release of Opinion Poll Results

The GBP/USD currency pair today hit new weekly lows early in the European session before quickly retracing its losses and hitting new highs after the release of a PanelBase poll. The currency pair was on a downward trend after the release of a YouGov poll, which indicated that Theresa May‘s party might lose twenty seats in the upcoming elections.

Euro Preserves Momentum amid ECB Speculations

The euro continued to trim losses during the current trading session even though German inflation was disappointing. The reason for the currency’s good performance were speculations about the possible change of European Central Bank’s dovish stance.

Great Britain Pound Reverses Earlier Tuesday’s Moves

The Great Britain pound reversed its earlier moves today, rebounding versus the US dollar and the Japanese yen but trimming gains against the euro and the Swiss franc. Politics are likely to continue driving the currency in the near future.

Great Britain Pound Rebounds After Friday’s Losses

The Great Britain pound rose against its major rivals today following the huge losses on Friday caused by polls that showed the ruling Conservative party is losing its lead ahead of the snap election in June.

Dollar Ends Week Relatively Subdued

The US dollar ended this week’s mostly flat due to the mixed minutes of the latest meeting of the Federal Open Market Committee. The greenback was far from being the weakest currency, though, as the Great Britain pound logged even bigger losses, mostly due to politics.

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